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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 114 daysPrice drop · $24,000 off (-4.8%)

    7916 Highway 534 Highway

    Restoule·Parry Sound Remote Area, ON·P0H 2R0·Near Hwy 534 & Sand Lake Rd

    • 2 beds
    Parry Sound Remote Area real estate›X12850406
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Perfect Retirement or Family Home on Nearly 2 Acres! Enjoy peaceful country living on this beautifully maintained property located on a paved, year-round road in an unorganized township. This charming home offers a large open-concept kitchen and dining area, a spacious living room, and an amazing 28' x 8'4" sun porch overlooking the private backyard-perfect for relaxing and enjoying nature. The main floor also features convenient laundry and a huge primary bedroom with two closets. The lower level offers a generous 22' x 18'3" rec room/games room, ideal for entertaining or hobbies. Additional features include new metal roof 2022, new windows 2024, new heat pump 2024, 200 amp electrical service, attached 20'6" x 20'6" heated garage with additional18' x 7' storage/cold room plus detached 20'x24' storage garage near the back of the lot providing plenty of room for tools, toys, or seasonal items. Property is located close to Sand Lake Road where you have access to thousands of acres of Crown land, there are also local ATV & OFSC Trails and many nearby lakes including Restoule, Stormy, Clear, Sand and Commanda Lake to name a few. The village of Restoule offers a welcoming community atmosphere with many local amenities including a general store, restaurant, meat market, Legion, Provincial Park, and one of the area's largest Lions Clubs - making it an ideal place to retire and enjoy an active lifestyle.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 3, 2026Price reducedCurrentReduced$475,000−$24,000 (4.8%)X12850406This page
    Mar 3, 2026ListedCurrentFor sale$499,000 —X12850406This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Wall Unit(s)
      Water source
      Well
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 7916 Highway 534 Highway
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,334
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $80
    0.20% mill rate · ON
    The market

    How this home sits in the Parry Sound Remote Area market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Parry Sound Remote Area market right now

    Average sold price, days on market, and closed-transaction count for Parry Sound Remote Area — sourced from MLS®.

    • Avg sold price
      $435,200
      Last 30 days
    • Median sold price
      $356,250
      Middle of the market
    • Days on market
      66 d
      Avg from list to close
    • Closed last 30d
      20
      MLS® transactions
    Full Parry Sound Remote Area market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 7916 Highway 534 Highway — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 7916 Highway 534 Highway and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 7916 Highway 534 Highway listed for?

      7916 Highway 534 Highway is listed at $475,000 on the MLS® (listing X12850406). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 7916 Highway 534 Highway have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 1 bath
  2. 700-1100 sqft
  3. Detached
  4. Asking
    $475,000
    $0 / sqft · MLS® X12850406
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $317,696
    $292,280Confidence range$343,112
    Asking vs estimate
    ↑↑well-above
    +$157,304
    (+49.5%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Parry Sound Remote Area sell in about 66 days — this one has been listed 114 days.

    Avg sold price
    $435,200
    Median sold
    $356,250
    Avg days on market
    66
    Recently sold
    20
    See comparable sales
    • Perfect Retirement or Family Home on Nearly 2 Acres!
    • This charming home offers a large open-concept kitchen and dining area, a spacious living room, and an amazing 28' x 8'4" sun porch overlooking the private backyard-perfect for relaxing and enjoying nature.
    • The main floor also features convenient laundry and a huge primary bedroom with two closets.
    • The lower level offers a generous 22' x 18'3" rec room/games room, ideal for entertaining or hobbies.
    Ask Zara a follow-up
    Septic
  6. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    2
    Parking spaces
    7
    Driveway
    5
  7. Interior

    5
    Basement
    Half, Finished, Walk-Out, Separate Entrance
    Family room
    N
    Kitchens
    1
    Total rooms
    8
    Laundry level
    Main Level
  8. Exterior & construction

    4
    Exterior
    Aluminum Siding
    Roof
    Metal
    Foundation
    Block
    Pool
    None
  9. Lot & land

    1
    Zoning
    Unorganized
  10. Listing & possession

    3
    Occupancy
    flexible
    Property style
    Bungalow-Raised
    Property class
    Detached
  11. Room-by-room · 13 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    9 rooms
    • Sunroom
      27.9 × 8.2 ft
    • Living Room
      Carpet Free
      19.0 × 11.0 ft
    • Bathroom
      4 Pc Bath
      6.0 × 11.0 ft
    • Sunroom
      6.0 × 10.0 ft
    • Foyer
      4.6 × 9.5 ft
    • Primary Bedroom
      Double Closet
      22.0 × 12.6 ft
    • Kitchen
      b/i dishwasher · combined w/dining · family size kitchen
      11.0 × 24.0 ft
    • Bedroom 2
      7.9 × 11.6 ft
    • Dining Room
      carpet free · combined w/kitchen · east view
      11.0 × 24.0 ft

    Lower level

    4 rooms
    • Foyer
      7.0 × 7.0 ft
    • Utility Room
      12.0 × 7.0 ft
    • Other
      7.0 × 18.0 ft
    • Recreation
      18.3 × 22.0 ft
    Combined estimate
    $2,414
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,334
    /mo
    based on the purchase price of $475,000
    $95,000 cash
    $380,000 financed
    $320,060 total interest
    Monthly payment$2,334/ month
    Principal54%$380,000
    Interest46%$320,060

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Parry Sound Remote Area

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 115 Hawthorne Drive
      Sold
      Sign in for price
      115 Hawthorne Drive
      Detached
    • 292 Everett Drive
      Sold
      Sign in for price
      292 Everett Drive
      Detached
    • 10 Harris Lake Water
      Sold
      Sign in for price
      10 Harris Lake Water
      Detached
    • 922 Porters Landing Road
      Sold
      Sign in for price
      922 Porters Landing Road
      Detached
    • 74 Harris Lake Water
      Sold
      Sign in for price
      74 Harris Lake Water
      Detached
    • 11946 Hwy 522 Highway
      Sold
      Sign in for price
      11946 Hwy 522 Highway
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    7916 Highway 534 HighwayThis home2 / 17,001,100$475,000ask———
    115 Hawthorne Drive2 / 2700—
    292 Everett Drive2 / 1700—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Parry Sound Remote Area

    Active listings within ±20% of this asking price.

    • 472 Long Lake Road
      $495,000
      472 Long Lake Road
      Detached 3 1
    • 0 Pickerel River
      $399,000
      0 Pickerel River
      Detached 3 1
    • 1052 Limberlost Point Road
      $429,000
      1052 Limberlost Point Road
      Detached 2 1
    • 11519 522 Highway
      $459,900
      11519 522 Highway
      Detached 4 1
    • 77 Odds Drive
      $539,000
      77 Odds Drive
      Detached 3 1
    • 1408 Pearceley Road
      $425,000
      1408 Pearceley Road
      Detached 2 1
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  12. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  13. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  14. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  15. Public listing courtesy of Re/Max Crown Realty (1989) Inc. · displayed on Summitly per MLS® data-share rules

    7916 Highway 534 Highway is a 2-bedroom, 1-bath, 700-1100 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  16. When was 7916 Highway 534 Highway built?

    The year built for 7916 Highway 534 Highway isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  17. What is the property tax for 7916 Highway 534 Highway?

    The 'Property tax' tab in the History section shows the most recent annual tax for 7916 Highway 534 Highway plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  18. How much would the monthly mortgage be on 7916 Highway 534 Highway?

    The affordability calculator on this page shows an estimated monthly mortgage for $475,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  19. Has 7916 Highway 534 Highway been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 7916 Highway 534 Highway with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  20. What neighbourhood is 7916 Highway 534 Highway in?

    7916 Highway 534 Highway is in Restoule, Parry Sound Remote Area. The 'Neighbourhood' section below links to the live Parry Sound Remote Area real estate hub with average sold price, days on market, and current inventory.

  21. Is Parry Sound Remote Area a good place to live?

    Parry Sound Remote Area is one of ON's actively-tracked Summitly markets. The full Parry Sound Remote Area real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  22. 10 Harris Lake Water
    4 / 2
    2,000
    —
    922 Porters Landing Road3 / 21,500—
    74 Harris Lake Water3 / 1700—
    11946 Hwy 522 Highway4 / 31,500—